Form 4: Capital Bancorp Director Receives New Equity Grants
Insider Transaction Report
Capital Bancorp Director Steven Jay Schwartz reported new grants of restricted stock units and stock options, alongside the conversion of previously vested units.
Summary
- Director Steven Jay Schwartz acquired 1,081 shares of Capital Bancorp Inc. common stock on March 3, 2026, through the exercise of Restricted Stock Units (RSUs).
- Schwartz received a new grant of 1,836 Restricted Stock Units on March 2, 2026, which are scheduled to vest on March 2, 2027.
- A new grant of 7,096 stock options was also reported on March 2, 2026, with an exercise price of $29.41, vesting in four equal annual installments starting March 2, 2027, and expiring on March 2, 2031.
- Following these transactions, Schwartz directly owns 69,956 shares of common stock and indirectly owns 663,313 shares through Prudent Investments, LLC.
- Outstanding derivative holdings include 1,836 Restricted Stock Units and a total of 21,731 stock options with various exercise prices and expiration dates ranging from December 31, 2026, to March 2, 2031.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, as new equity grants align director interests with long-term shareholder value, although the conversion of RSUs is a routine compensation event.
Positives
- New grants of 1,836 Restricted Stock Units and 7,096 stock options align Director Schwartz's interests with long-term shareholder value.
- The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider grants of equity awards, such as Restricted Stock Units and stock options, are a standard component of executive and director compensation packages across the financial services industry. These grants are designed to align the interests of company leadership with long-term shareholder value creation.
Related Party Transactions
- Steven Jay Schwartz holds 663,313 shares indirectly through Prudent Investments, LLC.
Stakeholder Impact
- Shareholders benefit from the continued alignment of Director Schwartz's financial interests with the company's performance through equity-based compensation.
Next Steps
- Vesting of 1,836 Restricted Stock Units on March 2, 2027.
- Ongoing vesting of 7,096 stock options in four equal annual installments beginning March 2, 2027.
Key Dates
| Date | Description |
|---|---|
| 12/31/2022 | Date exercisable for 2,750 stock options with an exercise price of $26.41. |
| 01/01/2024 | Date exercisable for 3,485 stock options with an exercise price of $23.54. |
| 01/01/2025 | Date exercisable for 4,400 stock options with an exercise price of $24.20. |
| 03/02/2026 | Acquisition date for 1,836 Restricted Stock Units and 7,096 stock options. |
| 03/03/2026 | Transaction date for the exercise of 1,081 Restricted Stock Units into common stock; Date exercisable for 4,000 stock options with an exercise price of $30.51. |
| 12/31/2026 | Expiration date for 2,750 stock options. |
| 03/02/2027 | Vesting date for 1,836 Restricted Stock Units; First annual installment vesting for 7,096 stock options. |
| 01/01/2028 | Expiration date for 3,485 stock options. |
| 01/01/2029 | Expiration date for 4,400 stock options. |
| 03/03/2030 | Expiration date for 4,000 stock options. |
| 03/02/2031 | Expiration date for 7,096 stock options. |
Keywords
Capital Bancorp, CBNK, Steven Jay Schwartz, Insider Transaction, Form 4, Stock Options, Restricted Stock Units, Director Compensation, Equity Grants
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